Millpond Equity Partners Invests in Financial Aid Services LLC

June 2, 2021

Millpond Equity Partners, a Boca Raton-based private equity firm, has made an investment in Financial Aid Services LLC (FAS), an Atlanta-headquartered provider of outsourced financial aid and bursar office services to not-for-profit colleges and universities. The transaction will support FAS’s capacity and capability expansion while founders David and Gay Gray continue to lead the company; financing was provided by First Merchants Bank and Oxer Capital.

Buyers
Millpond Equity Partners LLC
Targets
Financial Aid Services LLC
Industry
Education
Location
Georgia, United States
Transaction Type
Growth capital

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